18493 E Covington Trace
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 10, 2023 | Sold | ||
| Sold | |||
| Apr 5, 2023 | Listed by United Realty Group Inc | $695,000 | |
| Listed by United Realty Group Inc | |||
| Oct 5, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $449,000 | |
| Listed | |||
| | |||
|
Gorgeous 4 bed 3 baths Pool home in Lakes of Boca/ Pelican Cay. Spacious floor plan 2 stories with 20 foot ceilings over formal living/dinning room, large family room with remodeled eat in kitchen, stainless steel kitchenaid appliances overlooking the screened in pool with 1bed/1bath on first floor. Second floor with an oversized master bedroom. Plus two more guest bedrooms with built in closets. Paver driveway, hurricane shutters, Laundry room, Screened Pool with new diamond brite & fully fenced yard.The manager has listed the unit size as 2402 square feet.
| |||
| Jun 16, 2017 | Listed by United Realty Group Inc | $449,000 | |
| Listed by United Realty Group Inc | |||
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About Lakes at Boca Raton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017